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20130114
20130114
Search Results 0 to 7 of about 8
on raising the debt ceiling or face an economy that could go haywire in a few months. the president held the last news conference of the first term focusing on the economy and calling on congress to allow more borrowing authority up against the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden w
congress to act now on raising the debt ceiling or face an economy that could go haywire in a few months. the president held the last news conference of the first term focusing on the economy and calling on congress to allow more borrowing authority up against the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vi
a statement on the debt ceiling. >> because the debt ceiling is the fight coming up next, as you know, brian, and everything the president would like to do at the start of that second term including new gun laws, immigration reform, energy. all those things will really be locked into place unless he can get some agreement on the debt, the president said he won't negotiate with congress about the debt ceiling, but we could be headed to another standoff, another kind of fiscal cliff similar to what we saw last summer unless that can be resolved. the president wants to get ahead of that, really put the responsibility on republicans in congress and make it clear he just doesn't want to budge. >> keep in mind the president will walk behind you any moment. there is a very thin line between leverage coming off an election and lame duck status, and the president has a robust agenda for this term number 2. >> it is, and the first year of second terms are the ones you have a shot as sitting president to have the most productive parts. but i want to go back and emphasize something david said, and that
the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. >> reporter: without a deal, the government could run out of money to pay its bills by late february or early march. but republican leaders are demanding significant spending cuts in exchange for any agreement to raise the debt ceiling. in a statement, senate minority leader mitch mcconnell says the debted limit is the time to get on reducing spending. gun control is also an issue. >> responsible gun owners, people who have a gun for protection, for hunting, for sportsmanship, uhm, they don't have anything to worry about. >> reporter: the national rifle association has already made clear, it has enough support in congress to block legislation that restricts gun ownership. >> i would say that the likelihood is that they are not going to be able to get an assault weapons ban through this congress. >> reporter: moderate lawmakers say there is a better chance of passing laws that limit the number of bullets in amm
the government hit the debt ceiling at the end of december, but treasury secretary tim geithner was able to extend government funding through february 15. republicans want big spending cuts in exchange for raising the borrowing limit. president obama says he will not negotiate with congress paying its own bills. >>> did you see a big difference? the first paycheck of the new year brought surprises and raised eyebrows for at love people all over the country. as pam cook reports in our newsroom, it's not a good surprise, pam. it's expected to have a big impact on the economy. >> reporter: yes, it is. the country did not fall off that fiscal cliff but as a result, some people say it feels like their personal budgets did. the federal compromise means tax breaks for social security and medicare expire. for singles earning $200,000 a year, couples earning $250,000 a year, that translates to about a 2% cut to their take- home pay. one man said he and his wife are losing nearly $300 a month. that's their car payment or groceries for the month. the nonpartisan tax policy center estimates that 77%
's going to focus in his opening remarks on the debt ceiling. of course, also gun control and the chuck hagel for defense secretary nomination might come up. after a week of white house gun violence meetings, it's not clear if the president will seek to reinstate a ban on assault style rifles. even if he does opposition is hardening. >> do you think an assault weapons ban can pass the congress? >> no. >> do you think it should? >> no. >> reporter: west virginia democrat joe manchin, who sounded open to new gun control measures immediately after the newtown massacre now wants a slow moving washington commission. >> if you just want gun bans you're wrong. >> what do we need? >> we need a comprehensive approach. >> reporter: with sales of firearms that congress might ban now sky rocketing, a top senate democrat called for a voluntary moratorium. >> if we continue to see nearly 80,000 gun sales each month in states all over the country, it's going to be counterproductive to whatever solution we will implement. >> reporter: the new york legislature sped towards passa
deadline coming up as the so-called debt ceiling. something most americans have not even heard of before two years ago. i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that are ready been racked up. we need to pay them. i am willing to compromise and find a common ground on how to reduce our deficit america cannot avoid another debate with this progress about whether or not they should pay the bills that they have already racked up. if congressional republicans refused to pay america's bills on time, so security checks and veterans' benefits will be delayed. we may not be able to pay our troops or on our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down those of nuclear materials would not get their paychecks. the rest of the world would ask if the united states of america is in fact a stay at bat. market to go haywire and
that time is running short to raise the nation's debt ceiling and that failing to act would be irresponsible. he made the comments this morning during the last press conference of his first term. the president said he wants to make it clear that raising the debt ceiling will not raise -- he warned that if congressional republicans fail to approve legislation to pay america's bills on time, everything from social security checks to veterans benefits could be delayed. >> last time they flirted with this delay our aaa credit rating was downgraded. our business have created the fewest jobs of any month in the past three years. and ironically the whole fiasco actually haded to the deaf -- actually added to the deficit. >> reporter: president obama is reviewing a list of proposals from joe biden about how to reduce gun violence. the two met earlier today to go over the vice president's recommendations over how to tighten tougher gun laws. among the proposals under consideration are a ban on assault weapons and high capacity ammunition clips. here in the bay area gun buy back is scheduled for tomor
Search Results 0 to 7 of about 8